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April 9, 2016

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Imported goods positive list introduced

A positive list for imported goods sold on cross-border e-commerce websites was released in a bid to help authorities supervise and regulate the fast booming sector.

Vendors of the 1,142 types of products on the list, including infant formula, diapers, food and beverage and other daily necessity consumer goods, do not have to file additional licenses and documents, according to a Ministry of Finance statement.

The list, jointly released by the ministry and 10 other government agencies, will be further adjusted according to industry development and consumer demand, it added.

From yesterday, the personal postal article tax of between 10 percent and 50 percent on imports sold via domestic websites was replaced with import value-added tax and consumption tax.

Local customs would unveil separate measures regarding the implementation of the new rule.

The preferential tax policies that previously favored online purchases were unfair to conventional importers and traditional retailers, the ministry said.

But it is still unclear how online vendors will handle goods not on the list. Xing Yue, vice general manager of Tmall International, Alibaba’s cross-border e-commerce platform, criticized the new rules for causing uncertainties and confusion.




 

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